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1830 Vista Del Oso Way 
North Las Vegas, NV
89031
3 Beds 3 Baths 1,755 sqft
Built 1992
INVESTimate
$319,000
List Price
$90,285
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PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $181.77
- 29 Days on Market
- MLS # : 2216237
- Updated Date : 08/25/2020 at 00:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,755 sqft
- Baths : 2 full , 1 half
Listing Agent
Prominent Realty Group Llc
Listing Agent's Description
Great floor plan remodeled home, 3 BR, 2.5 BA. New flooring thru out, New paint, New kitchen counter top and cabinets, New baths and fixtures, Custom stone fireplace. Spacious lot with RV or Boat parking, Covered patio. Washer, dryer, refrigerator, Kid's playset all stay.
SEE MORE
- Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
- Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
- A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
- Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
- Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Norte del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Norte del Sol
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$195 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$223
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$319,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
2.42
YEARS SAVED
$6,008
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,483
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
1830 Vista Del Oso Way North Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,330
- $0.76
-
1701 Santa Rosalia Drive #0 North Las Vegas, NV 2
- 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 1992
LEASED 04/05/20- Rent
- Rent Per SQFT
- $1,400
- $0.81
-
1904 Monte Alban North Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1994
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,400
- $0.88
-
1915 Curio Drive North Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1993
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
1822 Monte Alban Drive #0 North Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 1993
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,590
- $0.84
PROPERTY LISTING DETAILS
1.702.217.2387
Prominent Realty Group Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2216237
Last Updated: 08/25/2020
